You Work in a Bureaucratic Organization

question 75

Multiple Choice

You work in a bureaucratic organization. A citizen impacted by your agency's regulation has made a good case to you for bending the rules in a particular situation. You explain the circumstances to your superiors, who insist that you "go by the book," with no exceptions. Why?

• A) "The book" consists of the laws they are obligated to enforce.
• B) They are afraid of being rebuked by Congress if they depart from "the book."
• C) They are unimaginative and "the book" provides ready-made answers.
• D) They operate only within their narrow specialization.
• E) They can hide behind "the book" if their actions are unpopular.

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Definitions:

Share Issuance

The process by which a company distributes new shares to investors, thereby raising capital.

Market Price

The current price at which an asset or service can be bought or sold.

Fair Market Value

The price at which an asset would be exchanged between a willing buyer and seller, each having reasonable knowledge of all the relevant facts.

Fair Value Enterprise Method

A valuation technique that estimates the price at which an entire business would change hands, reflecting the present value of future earnings.